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Zvaigzne
Jan 8, 2018 9:49 AM

Gold Medium term SELL Short

Gold/U.S. DollarFXCM

Description

Happy New Year, fellow traders!

Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.

Trade active

So yesterday we had a sharp upward movement but the price did not reach the SL level. Let's keep trading! :)

Trade closed: stop reached

Ok, so Gold has reached my SL level.
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